Financial News and Portfolio Management Discussion through March 17th

All the news you need to stay informed about what’s currently driving the market — courtesy of Raffa Wealth Management, LLC.

Stocks fell over the week as protectionist trade policies weighed. The S&P 500 dropped 1.2% and the Dow fell 1.5% for the week.  Internationally, Japan gained 1.0% and Europe ticked down 0.1% for the week.  The yield on the 10 year Treasury bond eased to end the week at 2.85%.  Article

Inflation eased in February rising 0.2% with core inflation posting the same increase.  Over the trailing year the CPI rose 2.2% with core prices up 1.8%.  The slower pace reduced concerns the Fed would move faster to raise interest rates.  Article

US retail sales declined 0.1% in February despite strong employment and improving wage growth surprising economists.

The Trump administration blocked Broadcom’s $117 billion hostile takeover bid of Qualcomm on grounds that it’s a national security concern.

Toys “R” Us announced it would sell or close all of its US stores.

Theranos CEO Elizabeth Holmes agreed to settle with the SEC after being charged with fraud alleging that the company deceived investors about the capabilities of the company’s technology.

 

There is no guarantee that any investment strategy, including those described here, will be successful. Any investment or investment strategy can lose money. Past performance does not guarantee or predict future results. You should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Raffa Wealth Management, LLC. This information was gathered from reliable sources but we cannot guarantee accuracy. Indexes do not reflect the fees associated with actual investments and such fees would reduce the performance illustrated.
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